Argentina's Milei discusses inflation with IMF chief

DAVOS, Switzerland — Argentina's President Javier Milei held a positive meeting with International Monetary Fund chief Kristalina Georgieva in Davos on Wednesday, focused on the South American country's deep economic crisis and its $44-billion IMF program.

"Very good meeting with Argentina's President Javier Milei," Georgieva wrote on X, formerly Twitter, after meeting the right-wing leader who is pushing a tough austerity package to bring down the inflation rate, which is above 200 percent, even while two-fifths of people are living in poverty.

"We talked about Argentina's deep economic and social challenges and decisive steps underway to bring down inflation, promote private sector-led growth, and use scarce public money to help the most vulnerable people," she said.